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Indonesian shares rise, Malaysia at all-time high on deficit optimism

  • Two straight days of foreign inflows help Indonesian shares (IDX, IDXJ, EIDO) close at five-week highs, as the JCI rises 1% in Jakarta.
  • Meanwhile, Malaysian stocks (EWM) are sitting at record highs as investors seem optimistic about the possibility that Prime Minister Najib Razak's will take steps — including reducing fuel subsidies and instituting a consumption tax, although implementation of the latter option is likely years away — to cut the country's fiscal deficit.
  • Other regional movers: PSEi (EPHE) -0.8%, Vietnam (VNM) -0.6%
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